The Royal Bank’s proposed acquisition of Eagle Bancshares Inc. has received approval from the U.S. Federal Reserve Board.
The Fed has issued an approval of the application from RBC and its U.S. subsidiary RBC Centura Banks Inc. of Rocky Mount, N.C. to acquire Eagle and its wholly owned subsidiary, Tucker Federal Bank, both in Tucker, Georgia.
The Board also announced its approval of the application by RBC Centura to merge with Tucker Federal Bank.
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